i Crosshair
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use i Crosshair
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
To make our life easier, this indicator will draw 2 lines (Vertical - Horizontal) acting like normal crosshair with extra bars information.
On mouse hover at any bar will show:
Candle number
Open, high, close, low and volume
Candle body, wicks (upper-lower) length
Update v1.01:
Added: Option to disable the tooltip.
Added: a new
Comment
on the chart will display (Bar number / Pips range / Price) calculation. Just like how the default crosshair calculates these values but in different way because I couldn't simulate it.
How to use:
1 Click on any line to activate.
The
Comment
calculation will start from Bar 0
1 Click on any point you like to fix the position. Now while it is fixed, just
click on any point
and the comment calculation will
start from the fixed
crosshair point
That's it!
